?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Stolen+Decades%3A+The+unfulfilled+expectations+of+the+Belarusian+economic+miracle.&rft.creator=Alachnovi%C4%8D%2C+Ale%C5%9B&rft.creator=Korosteleva%2C+Julia&rft.description=The+case+of+the+Belarusian+economy+has+puzzled+many+academic+scholars+for+years.+Belarus+has+often+been+referred+to+as+a+transition+outlier%2C+given+its+relatively+fast+recovery+in+1996+and+spectacular+growth+prior+to+the+global+financial+crisis+without+much+transformation+of+its+economy.%0D%0AThree+decades+after+gaining+its+independence%2C+the+state+control+of+the+economy+still+remains+considerably+high.+Subsidized+financing+of+state-owned+enterprises+allowed+to+preserve+production+capabilities+over+the+first+decade%2C+achieve+some+productivity+gains+in+the+late+1990s%E2%80%93early%0D%0A2000s%2C+and+to+avoid+social+destabilization.+However%2C+with+a+delay+in+structural+reforms%2C+this+economic+model%2C+also+heavily+dependent+on+the+Russian+subsidies+and+foreign+debt%2C+has+become+fatigue%2C+driving+the+economy+into+stagnation+in+the+2010s.+The+Covid-19+pandemic%2C+the+2020%0D%0Apost-presidential+political+crisis+and+Russia%E2%80%99s+war+in+Ukraine+in+2022+put+further+strains+on+the+economy%2C+calling+for+change.+This+working+paper+will+give+an+overview+of+the+Belarusian+economic+developments+before+the+presidential+elections+to+have+a+better+understanding+of+how+various+rigidities+of+the+Belarusian+economic+model+have+amplified+the+detrimental+effect+of+the+political+unrest+for+the+economy+and+the+Belarusian+society+overall%2C+and+will+discuss+the+anticrisis+and+mid-term+economic+reforms+Belarus+will+have+to+undergo.&rft.subject=Belarusian+economic+model%2C+political+crisis%2C+economic+reforms&rft.publisher=CASE-Centre+for+Social+and+Economic+Research&rft.date=2022-05-24&rft.type=Report&rft.language=eng&rft.source=++++(CASE+Network+Report+No.+17(141)%2F2022+++).+CASE-Centre+for+Social+and+Economic+Research%3A+Warsaw%2C+Poland.+++++&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10155611%2F